Indian businessmen who fell from riches to rags include Vijay Mallya, Mehul Choksi, Nirav Modi, Subrata Roy, Anil Ambani, and Siddhartha. image credit: Google

Mallya owned businesses in aviation, liquor, and technology, but his businesses failed when Kingfisher Airlines couldn't pay back loans. image credit: Google

Choksi owned Gitanjali Gems, but fled India after being implicated in the Punjab National Bank fraud case. image credit: Google

Modi owned Firestar Diamonds, but fled India after being implicated in the Punjab National Bank fraud case. image credit: Google

Roy owned the Sahara Group, but was arrested in 2014 for failing to pay back debts. image credit: Google

Ambani owned Reliance Group, but experienced a debt crisis and had to sell off assets. He was later arrested for failing to pay off debts. image credit: Google

Siddhartha owned Cafe Coffee Day, but his businesses crumbled and he died in 2020, reportedly due to financial stress. image credit: Google

These examples show that success can be precarious and financial management is important. image credit: Google

Many of these individuals fled the country or were arrested in relation to financial crimes. image credit: Google

These stories serve as cautionary tales for other businesspeople and highlight the importance of financial responsibility. image credit: Google